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How can department stores pivot ahead of a spending decline?

Inside Retail

The biggest swing occurred in department store spending, which saw a 14.3 Especially in department stores, where the consumer appetite to spend appears to have fallen so dramatically between November and December? After almost a year of consecutive increases, the retail industry saw a 3.9 per cent in August, 2022.

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Retail sales slightly up in December as shoppers shifted spend to Black Friday

Inside Retail

Department store sales climbed 3.7 billion, while clothing, footwear, and accessories rose 0.5 “Department stores fared particularly well, capitalising on the Boxing Day sales and the final few weeks before Christmas with a range of promotional events.” per cent to $1.83 per cent to $14.18

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Mother’s Day, inflation underpin Australian retail spending growth

Inside Retail

million in stores and online with significant spending observed in food, up 6.1 Clothing, footwear, and accessories sales were up 4 per cent followed by department store sales at 3.4 Due to “cooler than average weather” and early promotional activity, “modest growth” was observed in other retailing at 2.2

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Interest-rate rise killed Australian retail sales growth in November

Inside Retail

Department stores inched 3.3 Clothing, footwear, and accessories, however, fell 0.1 “Black Friday sales were again a big hit this year, with retailers starting promotional periods earlier and running them for longer, compared to previous years,” said ABS head of business statistics Robert Ewing.

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As food prices soar, retailers face a discretionary spending downturn

Inside Retail

per cent followed by department stores, down 2.1 per cent, clothing, footwear and accessories down 1.5 There was extra discounting and promotional activity in May, leading up to mid-year sales events. However, all remaining categories registered a decline in spending when compared to last year.

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Myer’s latest trading update is a testament to putting the customer first

Inside Retail

Myer currently operates 56 department stores across Australia, as well as its online business and in-house brands including Sass and Bide, Marcs and David Lawrence. Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has had an impact on profits,” said King.

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Why Colette, TDE parent Marquee Retail Group is looking to expand

Inside Retail

Colette by Colette Hayman Marquee Retail Group acquired CBCH, a fashion accessories and jewellery brand, out of administration in September 2020. Brookes told Inside Retail that, following the purchase, CBCH scaled back its operations from 120 to 35 stores, and reduced its stock levels. We’re also [continuing to] invest,” he said.